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aWindow Help ng.cengage.com MindTap- Cengage Learning MINDTAP From Cengage mework (Ch 11) Due Today at 11 PM CDT ack to Assignment ttempts: Keep the Highest:/3 6. Common resources and the tragedy of the commons Andrew, Darnell,and Jacques are hunters who live next to a recreational wildife game area that is open to hunting: in other words, anyone is free to he area that is open to hunting; in other words, anyone is free to use the recreational wildlife game area for hunting. Assume that these men are the only three hunters who hunt and that the recreational wildlife game area is large enough for all three hunters to hunt intensively at the same time Each year, the hunters choose independently how often to hunt; specifically, they hunt long hours, which hurts the sustainability of the recreational wildife game area if enough people do it) or to hunt nonintensively( hurt the sustainability of the recreational wildlife game area). None of them has the ability to control how much the others hunt, and each hunter cares only about his own profitability and not about the state of the recreational wildife game area. Assume that as long as no more than one hunter hunts intensively, there are enough animals to restock the recreational wildlife game area. However, if two or mfore hunt intensively, the recreational wildlife game area will become useless in the future. Of course, hunting intensively earns a hunter more money and greater profit because he can sell more animals. choose whether to hunt intensively (that is, to set several traps and because the animals in the recreational wildlife game area are The recreational wildlife game area is an example of and

Explanation / Answer

Question 6

The given description establishes that recreational wildlife game area is a common resource.

Common resource exhibit two properties - it is non-excludable and rival in consumption.

So,

The recreational wildlife game area is an example of common resource because the animals in the recreational wildlife game area are non-excludable and rival in consumption.

Since, each hunterdecides on his own with respect to quantum of hunting and it has been stated that hunting intensively brings in more profit, so, each hunter will try to hunt intensively whatever be the mode of action of other hunters.

Following is the complete table -

To ensure sustainability in long-run, two actions can be undertaken -

1. Creation of property rights.

2. Prohibit intensive hunting.

Hence, the correct answer is the option (1) and (2).

Hunt non-intensively Hunt intensively Andrew's profit-maximizing response Hunt intensively Hunt intensively

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